Bernanke reappointment likely, predicts Texas A&M economist

Federal Reserve Chairman Ben Bernanke most likely will be reappointed when his term expires Jan. 31, predicts Thomas Saving, economics professor at Texas A&M University and director of the Private Enterprise Research Center. “Given the pressure to deal with the mounting federal deficit and the huge level of non-government assets in the federal reserve portfolio, I would be very surprised if the administration changed horses at this point,” Saving says. “We are facing a huge inflation potential that must be dealt with.” Saving has written five books on the U.S. economy and more than 200 journal articles, and has testified before Congress 12 times on economic issues. His expertise in such matters prompted Presidents William J. Clinton and George W. Bush to appoint him to the Board of Trustees of the Social Security and Medicare Trust Funds. President Bush also appointed him to the President’s Commission to Strengthen Social Security.

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